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DAIKOKU DENKI CO.,LTD., First Half Ordinary Profit Increases by 15%, July-September Ordinary Profit Increases by 14%

Thu Nov 14, 2024 3:00 pm JST Earnings

6430 DAIKOKU DENKI CO.,LTD. 【J-GAAP】

Earnings Report

DAIKOKU DENKI CO.,LTD. <6430> [TSE-P] announced its financial results in the afternoon session on November 14th (15:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) increased by 15.1% from the same period last year, reaching 9.13 billion yen. The progress rate against the 12.5 billion yen full-year plan was 73.1%, also surpassing the five-year average of 59.5%.

Based on the first-half performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated ordinary profit for the October to March period (second half) is expected to decrease by 19.2% from the same period last year to 3.36 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit grew by 14.5% from the same period last year, reaching 3.53 billion yen. However, the operating profit margin decreased from 23.2% in the same period last year to 22.1%.

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Actual Results

Accumulated Results 2nd Quarter
Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Progress Rate vs. First Half Announce Accounting Standards
Apr - Sep, 2022 11,289 749 871 570 38.6 20.4 Nov 14, 2022 J-GAAP
Apr - Sep, 2023 29,168 7,899 7,938 5,502 372.2 65.6 Nov 13, 2023 J-GAAP
Apr - Sep, 2024 34,504 9,102 9,135 6,210 420.0 73.1 Nov 14, 2024 J-GAAP
YoY +18.3% +15.2% +15.1% +12.9% +12.8%

First Half Results vs. Previous Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Apr - Sep, 2024 Guidance ー ー ー ー － 40 May 15, 2024 J-GAAP
Apr - Sep, 2024 Results 34,504 9,102 9,135 6,210 420.0 40 Nov 14, 2024 J-GAAP
Revision Rate － － － － －

Current Period Guidance

Second Half Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Oct - Mar, 2023 24,693 4,102 4,164 2,962 200.4 100 May 15, 2024 J-GAAP
Oct - Mar, 2024 Guidance 20,496 3,298 3,365 2,290 160.5 80 Nov 14, 2024 J-GAAP
YoY -17.0% -19.6% -19.2% -22.7% -19.9%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 31,824 4,019 4,260 2,927 198.1 70 May 15, 2023 J-GAAP
Mar, 2024 53,861 12,001 12,102 8,464 572.6 120 May 15, 2024 J-GAAP
Mar, 2025 Guidance 55,000 12,400 12,500 8,500 595.7 120 May 15, 2024 J-GAAP
YoY +2.1% +3.3% +3.3% +0.4% +4.0%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 13,203 3,062 3,083 2,133 144.3 23.2 Nov 13, 2023 J-GAAP
Oct - Dec, 2023 14,681 3,765 3,793 2,672 180.8 25.6 Feb 13, 2024 J-GAAP
Jan - Mar, 2024 10,012 337 371 290 19.6 3.4 May 15, 2024 J-GAAP
Apr - Jun, 2024 18,619 5,591 5,605 3,883 262.7 30.0 Aug 9, 2024 J-GAAP
Jul - Sep, 2024 15,885 3,511 3,530 2,327 157.4 22.1 Nov 14, 2024 J-GAAP
YoY +20.3% +14.7% +14.5% +9.1% +9.1%

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